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Business or Technology: What is more important for a CIO?By CIOAdvisor Apac | Thursday, January 16, 2020
Today’s CIOs have a very dynamic role to play. Thus, they must be proficient in both technology and business.
Fremont, CA: The role of a chief information officer (CIO) has changed over the years. Today, CIOs lead with influence instead of control over technology. Besides, CIOs focus on the business and the effects of technology on business outcomes. Thus, they are more suited to a background in business and leadership than tech. CIOs cannot ignore the bottom line or the outcome while forming the IT budget. Such awareness has made CIOs change their approach in running a company’s technology, which allows them to grow their corporate influence.
According to experts, the best CIOs hail from a non-technical background as they can comprehend the alignment between technology and the business and how it adds value. Michael Matthews, CIO of Oral Roberts University, says, “This is one of the best times to be an innovative and transformative CIO, while a mediocre CIO will have a hard time.”
Today’s CIOs are disruptors and are focused on business. Chief information officers understand business so they can use software and data analytics to drive the business strategy. However, according to Sanjeev Addala, CIO of GE Renewables, “A CIO must be thorough with business and have a technological background, but they have to become more proficient in business strategy than just a pure technologist.
CIOs must understand that while forming a team, a good mix of technological and business teammates, as it is harder to teach a technical employee about business than it is to teach a business-oriented employee about technology. For success, it is critically important for a CIO to understand how the business operates, leadership talent, management talent, and then have a passion for the industry.